Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Highlights April 14: Crypto market bullish, altcoins rally

The crypto market as a whole was bullish today, with the majority of top 10 cryptos registering gains over the past 24 hours. 

Top cryptos

Bitcoin was up around 3% and trading above $41,000 at time of writing. Other cryptos were also higher, including Ethereum, up around 1%, and Cardano and XRP, registering gains of 1% and 2%, respectively. 

At #10, Avalanche gained around 5%. NEAR continues its rally, adding another 5% to its value. 

Top movers

Altcoins are moving very well in the top 100 today. The top gainers are THORChain (+17%), BTT (+9%), Chiliz (+11%), OKB and Kava with 10% each, Compound with 18%, Moonbeam with 13%, Kyber Network with 23%, Audius with 20%, Bitcoin Cash with 13%, and ApeCoin with 8%.

KNC is the token of Kyber Network, which underwent expansion to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to 50% price increase a few days ago. KNC continues to rally today. 

Moonbeam recently took part in a few leading global crypto events and forums, the main one being in Amsterdam. Compound is rallying after a recent listing on Robinhood alongside Shiba Inu, Polygon, and Solana. 

THORChain rose after THORSwap V2’s Open Beta went live. The new user interface delivers an elegant, user-friendly cross-chain trading and LP experience. The first Bitcoin Cash ATM in the world opened today. 

Trending

Luniverse, a unique new gaming metaverse, continues yesterday’s rally, adding another 3,410% to its value. Right behind it is the Konstrukt, a platform of play to earn gaming solutions with integrated blockchain mechanics. 

Konstrukt’s main goal is to create a decentralized blockchain gaming environment that rewards token holders and offers a variety of features. Its token gained 1,019% today.  

The post Highlights April 14: Crypto market bullish, altcoins rally appeared first on Coin Journal.

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You can buy Moonbeam, which gained 14% in 24 hours: Here’s where

Moonbeam was represented at a series of leading international crypto events and reached an important TVL milestone recently. Its token GLMR has gained just under 15% today. 

This brief guide has everything you need to know about the Moonbeam network and coin, including whether and where to buy Moonbeam if you choose.

Top places to buy Moonbeam now

What is Moonbeam?

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot, which makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is an EVM implementation and a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. 

The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Should I buy Moonbeam today?

Moonbeam can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

Moonbeam price prediction

Price Prediction forecasts a minimum price of $5.20 in 2023. In 2024, 1 GLMR will trade for at least $7.47, but it can go up to $8.89 that year. The price of 1 Moonbeam is expected to reach at least $10.64 in 2025. 

Moonbeam on social media

The post You can buy Moonbeam, which gained 14% in 24 hours: Here’s where appeared first on Coin Journal.

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Audius is soaring, up 21% today: here’s where to buy Audius now

Audius, a decentralized music streaming protocol, is one of the biggest gainers today. It added more than a fifth to its value in the last 24 hours and was trading for $1.29 at the time of writing. 

If you want to know what Audius is, can it give you good returns, and the top places to buy Audius now, you’ve come to the right place. 

Top places to buy Audius now

As AUDIO is such a new asset, it’s yet to be listed on major exchanges. You can still purchase AUDIO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy AUDIO right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for AUDIO

Now that you’re connected, you’ll be able to swap for 100s of coins including AUDIO.

What is Audius?

Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.

Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. 

Audius rewards content creators through rewards like featuring in the weekly trending lists. It plans to integrate stablecoins for artists to offer paid content.

Should I buy Audius today?

Audius can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Audius price prediction

Wallet Investor anticipates a long-term increase in the price of Audius. Their price prediction for April 2027 is $4.36. A 5-year investment will generate revenue of around +239%. If you invest $100 in it now, the investment may be up to $339 in 2027.

Audius on social media

The post Audius is soaring, up 21% today: here’s where to buy Audius now appeared first on Coin Journal.

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Raoul Pal says its likely ‘the market has found its bottom’

Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, believes the crypto market has “found its bottom” and that new upside momentum is likely.

The Real Vision CEO made his comments during an interview with Layah Heilpurn, with his outlook coming at a time Bitcoin and the rest of crypto is looking to bounce after a bout of fresh declines over the past few days.

Bitcoin, which traded to lows near $39,000 this week, has recovered some of the losses to currently hover near $41,200. The BTC-USD pair is 4% up in the past 24 hours, while the crypto market capitalisation has bounced 3%.

Ethereum (ETH), Cardano (ADA), BNB (BNB) XRP (XRP) and Solana (SOL) have all added more than 3% in the past 24 hours. Bitcoin Cash (BCH), Litecoin (LTC) and Avalanche (AVAX) are some of the biggest crypto gainers on the day so far.

Crypto didn’t make a new low

According to Pal, the crypto market has in the past several months been hit by various macro developments. However, no new low has been made since the last bottom in 2021 despite several likely negative triggers.

It’s a scenario that suggests crypto resilience and that that could point to a low already being in, although no one can with certainty predict the market.

“The balance of probabilities is that we made the low last year, we retested the low this year and I think the low is in,” he noted.

He believes crypto’s seen “everything” that could have helped push prices to a new low. That hasn’t happened so far. He told Heilpurn:

“I think we’ve thrown a war, 8.5% inflation, the Fed raising interest rates all at crypto, we’ve thrown the Chinese ban, we’ve thrown so much at it and [yet it]didn’t make a new low. Usually, that’s usually a signal the market has found its bottom.”

A slowing economy could trigger fresh upward action

On fresh catalysts for crypto prices, Pal thinks a slowdown in economic growth would be top of the list. This is a scenario that will trigger buying pressure in assets that “tend to outperform in low growth environments.”

He says that a change in the economic landscape could see “people fear inflation less and start fearing growth more.”According to Pal, this is when long-duration assets (and crypto is one such asset that loves a slowing economy) begin to outperform. 

In the stock market, Cathie Wood’s ARKK is a good example.

Pal also talked about Bitcoin’s four-year cycle narrative, noting that these are likely over given the market’s size today compared to during the early years. The cycle could yet have an impact, but that could be on a smaller scale as further adoption reduces the wild volatility, he added.

The post Raoul Pal says its likely ‘the market has found its bottom’ appeared first on Coin Journal.

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Ethereum Merge could delay beyond Q2, says ETH developer

Ethereum Foundation developer Tim Beiko has hinted at a potential further delay to the Ethereum’s final switch to the much anticipated proof-of-stake mechanism.

The ‘Ethereum Merge’, it appears, will now take place “a few months” after June, yet another delay that pushes the Ethereum 2.0 upgrade beyond Q2 2022.

Beiko, who believes Ethereum miners should not be investing in new mining equipment at the moment, hinted at the delay early Wednesday morning.

“It won’t be June, but likely in the few months after. No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum” he noted.

What’s the Ethereum Merge?

On 1 December 2020, Ethereum’s Beacon chain went live, introducing the proof-of-stake consensus mechanism to the Ethereum network.  It marked a new milestone in the ETH ecosystem’s push to transition from energy-intensive PoW mining.

But the Beacon chain runs parallel to the Ethereum Mainnet, which continues to use mining to secure the network.

The Merge is set to see the Mainnet and the Beacon chain become one, with mining being dropped wholly for staking as a way of securing the network. The “merge” is also eyed as the predecessor of shard chains, a key milestone in the quest for scalability, security and sustainability.

This is critical to Ethereum as it looks to secure even more value for society. The blockchain network currently anchors the most decentralised finance (DeFi) projects and non-fungible tokens (NFTs) among other applications.

 The merge was projected for the second quarter, according to an upgrades page on the same.

The post Ethereum Merge could delay beyond Q2, says ETH developer appeared first on Coin Journal.